Cubist Systematic Strategies LLC decreased the number of Watts Water Technologies, INC (NYSE: WTS) shares it owned by 9.6% during the third quarter, as stated in the most recent SEC filing made by the company.
The institutional investor now has 58,937 shares of the technology company’s stock in possession after selling 6,224 shares during the quarter.
At the end of the most recent quarter, Cubist Systematic Strategies LLC held 0.18% of Watts Water Technologies’ shares, which were worth $7,410,000 at the time.
There have also been transactions involving hedge funds and other institutional investors involving the buying and selling of WTS shares.
During the first three months of 2018, American Century Companies INC increased the percentage of Watts Water Technologies owned by 12.9%.
After purchasing an additional 483 shares during the most recent quarter, American Century Companies INC now has 4,237 shares in the technology company, worth a combined total of $591,000. US Bancorp DE increased the proportion of Watts Water Technologies owned by 41.6% over the year’s first three months.
After purchasing an additional 259 shares during the most recent quarter, US Bancorp DE now has 881 shares in the technology company, currently valued at $123,000.
During the first three months of 2018, Rhumbline Advisers increased the amount it had invested in Watts Water Technologies by 14.8%. Rhumbline Advisers increased the total number of shares it owned in the technology company by purchasing an additional 10,288 in the most recent quarter, bringing the total number of shares it owned to 102,888. Rhumbline Advisers owns 79,951 shares of the company’s stock, which results in the firm’s holdings having a current value of $11,160,000. Vontobel Holding Ltd made a fresh investment in Watts Water Technologies during the first three months of the year at approximately $2,395,000.
Last but not least, during the first quarter of 2018, Lord Abbett & Co LLC increased its holdings in Watts Water Technologies by spending approximately $14,626,000 to purchase additional company stock shares. Currently, institutions hold ownership of 74.85% of the company’s common stock.
The price of NYSE: WTS was $175.48 when trading began on Tuesday, and the debt-to-equity ratio is 0.11, the current ratio is 2.51, and the quick ratio is 1.52, respectively.
These numbers are presented in the order in which they should be used.
The simple moving average over the past 50 days for Watts Water Technologies, INC is $160.19, and the simple moving average over the past 200 days is $148.24. Watts Water Technologies, INC hit an all-time low of $116.31 during the prior year, while the company reached an all-time high of $181.40 during the same period.
The price-to-earnings ratio for the company is 23.46; the price-to-growth ratio is 3.17, and the beta value is 1.03.
Its market value is $5.84 billion, giving it a market capitalization.
The most recent quarterly earnings report for Watts Water Technologies (NYSE: WTS) was released on February 8.
The technology company reported earnings of $1.60 per share for the previous quarter, which is $0.06 more than the $1.54 that was anticipated to be the average estimate provided by industry professionals.
The revenue for the quarter came in significantly higher than the $489.21 million that analysts had anticipated, coming in at a total of $501.9 million instead. Watts Water Technologies achieved a return on equity of 19.75%, and the net margin for the company was 12.70%. Compared to the same period the previous year, the total revenue for the quarter saw a 5.9% increase.
The corporation generated earnings of $1.42 per share during the same period the year before. Financial experts forecast that Watts Water Technologies, INC will bring in earnings of $6.83 per share for the current fiscal year.
In addition, the company just recently announced a quarterly dividend scheduled to be paid out on March 15. Shareholders who had complete records as of March 1 will be eligible to receive a dividend payment of $0.30 per share.
This payment will be made to shareholders whose records were complete.
This translates to a dividend yield of 0.68 percent and an annual dividend payment of 1.20 dollars for the shareholder. On February 28, a decision will be made regarding whether or not this dividend will be distributed to shareholders. Watts Water Technologies’ payout ratio is 16.04 percent of total revenue.
Various financial analysts concerning the stock have made comments.
In a research note released by Stifel Nicolaus on Friday, January 20, the company assigned a rating of “hold” to shares of Watts Water Technologies and set a price target of $145.00 for the stock.
The price target that Stifel Nicolaus has set for Watts Water Technologies has increased by $5, bringing it up to $145.00. On Friday, January 6, StockNews.com upgraded their previous recommendation to “buy” shares of Watts Water Technologies to a “strong-buy” rating.
Source: beststocks.com
